WTI crude around $92-94 equated to gas around $3.65-3.75. If we can keep prices down, maybe we’re back there by April 1? Summer driving and special blends will bump up prices too though.
Unlike my brother who bought his first home with a baby on the way, I’m not in a rush. We’ll see how it goes. Inventory is extremely low, so it may be a no choice, no decision deal anyway until the market cools some.
Yup. It’s difficult to bid on houses sometimes $100-130k more than the current owner paid just 18-24 months ago in some instances. Of course, my bids have been unsuccessful. Competing with cash buyers in the $450-500k range is difficult to say the least.
So…what would your advice be to someone in the market as a FTHB? Act quickly before the rates increase further? This may lead one to be underwater should housing collapse. Wait until rates increase to a point that causes housing prices to stabilize? It’s possible housing stays inflated despite the increased rates, so buying power is greatly diminished. I don’t know what to do.
Ukraine aside, the situation in China does not look great. Major cities and provinces going back into lockdown. BA2 likely doing its dirty work. Supply chains will continue to be hit hard, driving up inflation even more.
Not sure why either. Heating oil down 13% at last check. It rose to really absurd levels yesterday afternoon. Maybe just coming down to regular absurd levels today?
So, Russian forces cut power to Chernobyl. It’s now on backup power. If that fails, we risk all the spent fuel melting down? This would be bad for Ukraine and the EU, no? Is this Putin’s backdoor nuclear threat to the West? It’s not a bomb, so…
At this point, time for the torch. Heating oil is at astronomical prices and ever increasing. I’m done with being stuck inside. Let’s get some warmth and sun. I know, I know. It ain’t gonna happen, especially here on the coast.